Abraaj Agrees First Deal from Turkish Growth Fund

Abraaj and the European Bank of Reconstruction and Development have bought a stake in Turkish mattress maker BRN Sleep Products

By

Jennifer Bollen

February 3, 2015 5:51 p.m. GMT

Emerging markets-focused private equity firm Abraaj Group has agreed its first deal from its Turkish growth fund, more than a year after closing the vehicle on €20 million.

Abraaj and the European Bank of Reconstruction and Development have bought a stake in Turkish mattress maker BRN Sleep Products for an undisclosed sum, according to a statement, in its first deal from its Anatolia Growth Capital fund.